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| Rendering of planned 169,000-SF Class A industrial development in North Phoenix, AZ |
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| Steve Sayre |
PHOENIX, AZ – Industrial experts in the Phoenix office of
Jones Lang LaSalle have completed a 9.4-acre land purchase for The MACK
Company. The buyer will soon kick off construction at the site for the
development of MACK Pinnacle, a new 169,000-square-foot, Class A
industrial development.
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| Pat Harlan |
Located just west of the southwest corner of Pinnacle Peak
Road and 7th Street in north Phoenix, the land for MACK Pinnacle sold for
$2,685,000. The new project is scheduled
for completion in May 2014.
The Jones Lang LaSalle team of Executive Vice Presidents Steve
Sayre and Pat Harlan, and Associate Kyle Westfall, along with
Jones Lang LaSalle Managing Directors Mark Detmer and Bo Mills,
represented The MACK Company.
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| Kyle Westfall |
Luke Lewis of Luke Land Realty represented the
seller, 7th Street & Airport Drive II, LLC.
According to JLL, MACK developed approximately 500,000
square feet of industrial product in the submarket almost a decade ago.
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| Mark Detmer |
Their new project, MACK Pinnacle, will encompass two Class A
industrial buildings, one at 90,757 square feet and 30-foot clear height and
the other at 78,281 square feet and 24-foot clear height.
Additional features include A-1 light industrial zoning,
ESFR sprinkler system and a location on a major intersection with immediate
access to the two main transportation corridors in the submarket, Interstate 17
and the Loop 101 freeway.
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| Bo Mills |
For a complete copy of the company’s news release, please
contact:
Stacey Hershauer
480.600.0195
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